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JIA GROUP To Carry Out 1-for-2 Reverse Stock Split On March 25th, 2024

moomoo News ·  Feb 27 04:05

February 27th - $JIA GROUP (08519.HK)$ is about to implement a 1-for-2 reverse stock split of shares. The shares will begin trading on a split-adjusted basis from March 25th, 2024.

$JIA GROUP (08519.HK)$ rose 3.09% and closed at HK$0.167 on February 26th with a turnover of HK$488.06K. $JIA GROUP (08519.HK)$ now has a total market capitalization of HK$193.68 million.


What Is a Reverse Stock Split?

A reverse stock split consolidates the number of existing shares of stock held by shareholders into fewer shares. It does not directly impact a company's value. And it can signal a company in distress since it raises the value of otherwise low-priced shares.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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